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Pompey Takeover Saga


Fitzhugh Fella

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it will be a blow when Herman leaves.

I've always thought the quality over quantity plan with half of your top earners never getting on the pitch is one of the schemes that has put them in with a good chance of getting out of the championship this season.

Respect to Lampitt.

Be interesting to see what sort of wages are offered for any new 'stars'.

 

It must also be time to send Ben Haim back to train with the.....oh hang on, they don't have reserves, perhaps just make him run up and down the.....oh....there isn't a training ground.....

Maybe just get him to walk up and down the Eastern Road with a wheelbarrow full of dirty cash and a cheeky grin, he'll be happy doing that.

 

Must have been confusing for him yesterday as no one seemed to know which of the two clubs had his registration last year, turned out to be a simple banking error.

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New Pompey signings also get a free pass to Portsmouth Navy Days.......:D.

 

To see the two rowing boats we have left and a picture of an aircraft carrier that we might build with the French (are they broke like Pompey) in 2042...

 

 

Mind you we do have a couple of Submarines impounded by Scots ........:rolleyes:

 

Is anybody worried if they don't EVER release the delldays......;)

 

Or should we at least pretend to have a whip round on this forum....:rolleyes:

 

For his £10 ransom.. :)

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Sunday Times - Today

 

A Sicilian businessman is poised to swoop on Portsmouth football club, becoming the sixth owner of the Championship side in less than three years. Joseph Cala, who once owned a football team in his homeland for less than two weeks, is in pole position to take over the troubled club.

 

 

He has indicated he would invest £20m before studying plans to float Portsmouth in New York. However, few football clubs have successfully become public companies.

 

 

Portsmouth’s previous owner, Vladimir Antonov, was questioned by police in November on suspicion of fraud in Lithuania. His business, Convers Sports Initiatives, which bought Portsmouth last summer, went into administration soon afterwards.

 

 

Cala was introduced to the club by Balram Chainrai, the Hong Kong businessman who sold Portsmouth to Antonov. He is the biggest creditor with £19m of loans.

 

 

Sources close to the talks said Cala is the frontrunner. Little is known about the businessman. He is said to be wealthy and has been involved in proposals to build underwater hotels and casinos on boats, though the schemes were abandoned after proving too expensive.

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Sources close to the talks said Cala is the frontrunner. Little is known about the businessman. He is said to be wealthy and has been involved in proposals to build underwater hotels and casinos on boats, though the schemes were abandoned after proving too expensive.

 

Clearly haven't read this thread have they.

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Sunday Times - Today

 

A Sicilian businessman is poised to swoop on Portsmouth football club, becoming the sixth owner of the Championship side in less than three years. Joseph Cala, who once owned a football team in his homeland for less than two weeks, is in pole position to take over the troubled club.

 

 

He has indicated he would invest £20m before studying plans to float Portsmouth in New York. However, few football clubs have successfully become public companies.

 

 

Portsmouth’s previous owner, Vladimir Antonov, was questioned by police in November on suspicion of fraud in Lithuania. His business, Convers Sports Initiatives, which bought Portsmouth last summer, went into administration soon afterwards.

 

 

Cala was introduced to the club by Balram Chainrai, the Hong Kong businessman who sold Portsmouth to Antonov. He is the biggest creditor with £19m of loans.

 

 

Sources close to the talks said Cala is the frontrunner. Little is known about the businessman. He is said to be wealthy and has been involved in proposals to build underwater hotels and casinos on boats, though the schemes were abandoned after proving too expensive.

 

Introduced to the club by Chinnery?

 

Yes, clear and transparent as usual - what a joke.

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it looks a bit like puppetboy Andrew is just escorting the club back under the control of the loan shark.

 

Chinny dreams of parachute payments on the distant horizon and his little eyes twinkle like Avram's brake lights in Derby Road.

 

He must see a payoff somewhere down the line, it just seems that he'll have to pay out loads to get there.

If he can get mad Joe to conjure up some funding for a month or two it's a bonus, and let's face it, Cala does look stupid enough to sign anything and take on the CVA for no apparent reason.

 

But there must be another consortium, AA must have something up his sleeve.

 

I note that Cala has opened his first undersea casino off Italy this weekend but I still don't think it'll take off as a an idea.

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Obviously another puppet owner for Chanrai so he can pick what's left from the carcass.

Looks like it. But the only bits on the carcass worth picking would be the parachute payments. If Pompey is burning cash faster than the parachute money will come in why would Chinny put in the money needed to keep it alive .

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Looks like it. But the only bits on the carcass worth picking would be the parachute payments. If Pompey is burning cash faster than the parachute money will come in why would Chinny put in the money needed to keep it alive .

 

God knows, I suppose that "burning" includes shed loads of interest on the money he lent them. He needs to keep the life-support machine going.

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it looks a bit like puppetboy Andrew is just escorting the club back under the control of the loan shark.

 

Chinny dreams of parachute payments on the distant horizon and his little eyes twinkle like Avram's brake lights in Derby Road.

 

He must see a payoff somewhere down the line, it just seems that he'll have to pay out loads to get there.

If he can get mad Joe to conjure up some funding for a month or two it's a bonus, and let's face it, Cala does look stupid enough to sign anything and take on the CVA for no apparent reason.

 

But there must be another consortium, AA must have something up his sleeve.

 

I note that Cala has opened his first undersea casino off Italy this weekend but I still don't think it'll take off as a an idea.

 

:lol::lol::lol:

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I reckon its all part of a plan by Chinny,

 

Kin-ell you lot of I T feckin K ers only just stumbled upon this line of thought, ever since Chanrai snatched us by default its not the well being of PFC on his agenda. Just the 4 year shell out by the prem, The fist statement from him was (i will be putting nowt in) and apart from the odd wage packet hes been true to his word.

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Kin-ell you lot of I T feckin K ers only just stumbled upon this line of thought, ever since Chanrai snatched us by default its not the well being of PFC on his agenda. Just the 4 year shell out by the prem, The fist statement from him was (i will be putting nowt in) and apart from the odd wage packet hes been true to his word.

Any amusement that your illiteracy generated on here, has long since disappeared. It's getting a bit like the club you support. Get a new joke will you?

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Kin-ell you lot of I T feckin K ers only just stumbled upon this line of thought, ever since Chanrai snatched us by default its not the well being of PFC on his agenda. Just the 4 year shell out by the prem, The fist statement from him was (i will be putting nowt in) and apart from the odd wage packet hes been true to his word.

 

Just stumbled!!!?

 

Check back a few thousand posts...where do you think your ITKers get their info from?!:?

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Looks like it. But the only bits on the carcass worth picking would be the parachute payments.

 

Can someone remind me why the parachute payment system was devised in the first place?

 

I always believed it was to give relegated clubs a chance to realign their squad and finances to match the lower revenues of playing outside the PL.

 

I don't ever recall it being a system devised to line the pockets of former owners.

 

Maybe I missed a change in the rules somewhere along the line....?

 

;-)

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Kin-ell you lot of I T feckin K ers only just stumbled upon this line of thought, ever since Chanrai snatched us by default its not the well being of PFC on his agenda. Just the 4 year shell out by the prem, The fist statement from him was (i will be putting nowt in) and apart from the odd wage packet hes been true to his word.

 

Any subtitles to go with this?

Edited by St Chalet
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Any subtitles to go with this?

 

Kin-ell you lot of I T feckin K ers only just stumbled upon this line of thought, ever since Chanrai snatched us by default its not the well being of PFC on his agenda. Just the 4 year shell out by the prem, The fist statement from him was (i will be putting nowt in) and apart from the odd wage packet hes been true to his word.

 

I'll give it a go....

 

"F**king hell, you lot of 'in the f**king knowers' !

Have you only just stumbled upon this line of thought?

Ever since Mr Chanrai siezed control, due to a missed payment by the chappy he sold the business to, he is not primarily concerned with the fortunes of Portsmouth Football Club.

He is only interested in the 4 year (slightly unusual) parachute payment schedule, due from the premier league.

The comment from Mr Chanrai which confirmed this was, "I will not be spending any more of my money on them" *

Which apart from the occassional Shareholder's Loan, used in order to pay the wages of the employees, has been true.

 

*Translation based on an assumption that the "fist statement from him was", should have read, "first statement from his was".

 

Of course, if it was correct "fist statement from him was" should be translated as;

 

The comment from Mr Chanrai which confirmed he wants to put his entire forearm up the back passage that is PFC.

 

HTH :-)

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Can someone remind me why the parachute payment system was devised in the first place?

 

I always believed it was to give relegated clubs a chance to realign their squad and finances to match the lower revenues of playing outside the PL.

 

I don't ever recall it being a system devised to line the pockets of former owners.

 

Maybe I missed a change in the rules somewhere along the line....?

 

;-)

 

Rules and Cheats FC don't belong in the same sentence (unless the word "broken" is thrown in too).

 

Talking about Chinny keeping Cheats FC alive long enough to get his grubby hands on the remaining parachute payments, using a succession of gullible morons with dirty money - I'm a bit confused: didn't Corpse say (and I paraphrase) that the parachute money is ring-fenced, and that Cheats FC is so closely monitored by the FL that it's impossible for dirty money to be used to keep the cesspit alive?

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Chanrai introduces another new owner to rape the carcass that is Portsmouth Football Club. The knuckle draggers from the fishy end of the M27 will no doubt drop all objections as soon as they sign a few loanees, unproven punts from abroad and pensioners such as Kanu.

 

So whats Chinny's plan? Keep the club alive by installing this Patsy, take the parachute payments, pocket the VAT and NI and then allow HMRC to wind them up would be my bet.

 

Chanrai's loan of £1m does tell us that they are burning a loss of £1m per month, which tallies with the Antanov £10.8m (Transfers and running costs). Chuck in the CVA and they are toast.

 

It seems what Chanrai wants, Chanrai gets. Good luck with Mr Cala PFC, we'll be keeping this thread open a bit longer I think.

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why do they need to replace a bloke who isn't playing?

It must be a simple move to save wages, offload an injured pensioner and use his wages to pay off creditors.

Well done Lampitt, you are now running it a little bit like a business.

 

:?

 

Or, perish the mere thought, so they can bring a Prem player in on loan.......

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Introduced to the club by Chinnery?

 

Yes, clear and transparent as usual - what a joke.

 

Translated by Google from Italian website corrieredellosport in Feb last year:

http://www.corrieredellosport.it/calcio/lega_pro_serie_d/salernitana/2011/02/22-157282/Salernitana,+che+caos.+L%27americano+Cala+lascia

"SALERNO, February 22 - Hip Salerno in football. Antonio Lombardi returns to the helm of the company. In the afternoon it was terminating the contract of sale of the company Italian-American entrepreneur Joseph Cala. Lombardi is back in the saddle by leveraging the "termination clause for non-compliance." The meeting at the notary's office in Vallo della Lucania, to terminate the agreement. After only eleven days and then ends the era Cala, began with announcements and proclamations ambitious. "I'll take this year in Serie B Salernitana - announced in the press conference - in two years, then, we reach the league." The Italian-American businessman had also announced a listing company grenade and then declared himself ready to "40 million investment." Instead, the first encounter was recorded on February 14, when the Salerno in order to avoid further penalties would have to pay salaries to members.

..."I love Salerno and Salerno - Cala said in his farewell - but the fans are entitled to transparency." ...

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why do they need to replace a bloke who isn't playing?

It must be a simple move to save wages, offload an injured pensioner and use his wages to pay off creditors.

Well done Lampitt, you are now running it a little bit like a business.

 

 

 

:?

 

Sh*t Coventry must really really really be up the creek without a paddle. We all knew SISU wasn't going to work and thank God we didn't end up with them.

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Translated by Google from Italian website corrieredellosport in Feb last year:

http://www.corrieredellosport.it/calcio/lega_pro_serie_d/salernitana/2011/02/22-157282/Salernitana,+che+caos.+L%27americano+Cala+lascia

"SALERNO, February 22 - Hip Salerno in football. Antonio Lombardi returns to the helm of the company. In the afternoon it was terminating the contract of sale of the company Italian-American entrepreneur Joseph Cala. Lombardi is back in the saddle by leveraging the "termination clause for non-compliance." The meeting at the notary's office in Vallo della Lucania, to terminate the agreement. After only eleven days and then ends the era Cala, began with announcements and proclamations ambitious. "I'll take this year in Serie B Salernitana - announced in the press conference - in two years, then, we reach the league." The Italian-American businessman had also announced a listing company grenade and then declared himself ready to "40 million investment." Instead, the first encounter was recorded on February 14, when the Salerno in order to avoid further penalties would have to pay salaries to members.

..."I love Salerno and Salerno - Cala said in his farewell - but the fans are entitled to transparency." ...

 

So this chump was going to invest €40m and go for a listing? Hmmmm sounds familiar.

 

And as for his previous ownership, I am not sure that he technically owned the club, but that is being pedantic.

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Haven't heard this before - Andronikou claiming the credit for putting SFC and Markus together???

 

http://www.independent.co.uk/sport/football/football-league/time-running-out-for-portsmouth-to-find-the-right-owner-6290136.html

 

"I was involved in the background at Southampton in 2009. Their administrators, rather like us, had a number of parties interested and were pursued by one main one who didn't have the wherewithal to perform.

 

"I actually introduced them, through a third party, to the current owner, but before that Southampton were looking down the barrel of a gun. It was an 11th-hour deal."

 

Can it be true? Do we owe our good fortune to AA?

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http://www.independent.co.uk/sport/football/football-league/time-running-out-for-portsmouth-to-find-the-right-owner-6290136.html

 

he fits rather well into the extensive chapter of Portsmouth's recent history headed "You couldn't make it up.".........

 

On the one hand is his ownership of Salernitana of Italy's Serie B last February, which ran for all of 11 days: on the other, his plans for a series of undersea casinos in glass-bottomed yachts that suggest not so much a serious football club owner as a James Bond character..........

 

 

Signs that Journos read this thread after all? Surprised he didn't mention Octopussy.

 

But not sure about the accuracy of his comments about our Admin. A current Football Club Owner was in direct negotiations with Mark Fry as has already been alluded to many times on TSW, and that wasn't Fialka/Pinnacle.

 

 

(Not saying this to bring that all back up again, just that the point it has been mentioned previously by Granty amongst others rather points out a flaw in the "accuracy" of that comment by AA, which leads to - AA in possible not making statements that are fully true scoop)

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Solent just said that Skates intend to approach the FL so they can bring in more players?

 

Cheating? Skates? Surely not.

 

Hmm...sounds like an embargo does it not?

 

****s.

 

Now, IF I worked at the FL, the FIRST question I would ask is...

 

How are Coventry paying Herman's wages?

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The Android in that article linked above in the Indpendent:-

 

"I was involved in the background at Southampton in 2009. Their administrators, rather like us, had a number of parties interested and were pursued by one main one who didn't have the wherewithal to perform.

 

"I actually introduced them, through a third party, to the current owner, but before that Southampton were looking down the barrel of a gun. It was an 11th-hour deal."

 

I don't believe a word of that. The man's renowned in his industry as being highly unethical in his dealings. This is probably just a ruse to blow his own trumpet and inflate his massive ego at the same time. I very much doubt that he would have the sort of contacts that would know the Liebherrs and Cortese.

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AA's bit from The Independent:

 

"I was involved in the background at Southampton in 2009. Their administrators, rather like us, had a number of parties interested and were pursued by one main one who didn't have the wherewithal to perform.

 

"I actually introduced them, through a third party, to the current owner, but before that Southampton were looking down the barrel of a gun. It was an 11th-hour deal."

 

So.... "working in the background", sounds to me: "I wasn't really involved, and you can't confirm that I was."

"...introduced them, through a third party, to the current owner....", again sounds like "I didn't meet with Marcus and Nicola, but somebody else did, when I might have been in the room"...

 

Looking at this, with his administration of Swindon, http://footballmanagement.wordpress.com/2010/06/05/the-very-strange-case-of-swindon-town/ , it all sounds like he's taking credit for somehow being involved with every single football club in administration, just to boost his own ego.

 

A quick google of "Southampton Administration Andrew Andronikou" just gives nothing, but this claim made by AA himself.

 

Did however also produce this old gem: http://www.twohundredpercent.net/?p=5438

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AA's bit from The Independent:

 

"I was involved in the background at Southampton in 2009. Their administrators, rather like us, had a number of parties interested and were pursued by one main one who didn't have the wherewithal to perform.

 

"I actually introduced them, through a third party, to the current owner, but before that Southampton were looking down the barrel of a gun. It was an 11th-hour deal."

 

PN93NW3f33205T.jpg

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Does anyone have a login for 'The Times' newspaper site?

 

BBC Breakfast made reference to this WRC article in their sports bulletin earlier:

 

http://www.thetimes.co.uk/tto/sport/article3287455.ece

 

"Monte Carlo or bust: legendary race is left on the precipice"

 

Might be one or two CSI / NOS nuggets of info in there somewhere.

 

Jean Todt, the FIA president and a former world champion rally co-driver, has been quick to give assurances, as well as decisively taking action against Convers Sports Initiatives, the former commercial rights-holders now in administration after the arrest of Vladimir Antonov, the majority owner, on fraud charges. The administrators were attempting to sell the WRC’s commercial rights, but Todt has headed them off, fearing another debacle such as that caused by the Russian takeover. But the resulting mess could take time to clear up, with the FIA attempting to fill in, although the organisation has no commercial structure. David Richards, chairman of Prodrive, which runs the Mini team for BMW, said yesterday: “It could take a long time. The FIA has got the show on the road and is in control, but it needs another three months to set out a plan and get a proper promoter on board.” As many as seven interested parties have entered the bidding for the commercial rights, but Todt will want to get this decision right to get over the immediate crisis.

This was to be the WRC’s comeback year. The championship was returning to Monte Carlo after a three-year break; more manufacturers were lining up to take part. Now Monte Carlo could be a damp squib, official entries have fallen thanks to the uncertainty and even BMW, Mini’s owner, is pulling back from its promise to enter the entire season as championship contenders. That sums up the bleak future facing the WRC unless a commercial rights-holder can be found — and fast.

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In all honesty CSI did a truly truly crap job at promoting WRC, at least in this country. In the good old days it used to be on C4 every Sunday, or was that Fri-Sun? Then I think it moved to Dave and now I have no idea at all where it is. Never see it listed and haven't watched it for a few years. Never see it promoted. Don't know which teams are left in it. I think Loeb has left Citroen for Ford, but that's about it. Is CArlos Sainz still racing? :) I am sure that there is a perfectly good www but TV is where I want to see it. I always thought that it was a superb product and really is worthy of air time. I think that they could/should take a leaf out of the Tour de France book on how to present a race.

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Jean Todt, the FIA president and a former world champion rally co-driver, has been quick to give assurances, as well as decisively taking action against Convers Sports Initiatives, the former commercial rights-holders now in administration after the arrest of Vladimir Antonov, the majority owner, on fraud charges. The administrators were attempting to sell the WRC’s commercial rights, but Todt has headed them off, fearing another debacle such as that caused by the Russian takeover. But the resulting mess could take time to clear up, with the FIA attempting to fill in, although the organisation has no commercial structure. David Richards, chairman of Prodrive, which runs the Mini team for BMW, said yesterday: “It could take a long time. The FIA has got the show on the road and is in control, but it needs another three months to set out a plan and get a proper promoter on board.” As many as seven interested parties have entered the bidding for the commercial rights, but Todt will want to get this decision right to get over the immediate crisis.

This was to be the WRC’s comeback year. The championship was returning to Monte Carlo after a three-year break; more manufacturers were lining up to take part. Now Monte Carlo could be a damp squib, official entries have fallen thanks to the uncertainty and even BMW, Mini’s owner, is pulling back from its promise to enter the entire season as championship contenders. That sums up the bleak future facing the WRC unless a commercial rights-holder can be found — and fast.

 

Cheers

 

Todt 1 Andronikou 0

 

If only the head of the Football League was as decisive and clinical as Todt....

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http://www.independent.co.uk/sport/football/football-league/time-running-out-for-portsmouth-to-find-the-right-owner-6290136.html

 

 

 

Signs that Journos read this thread after all? Surprised he didn't mention Octopussy.

 

But not sure about the accuracy of his comments about our Admin. A current Football Club Owner was in direct negotiations with Mark Fry as has already been alluded to many times on TSW, and that wasn't Fialka/Pinnacle.

 

 

(Not saying this to bring that all back up again, just that the point it has been mentioned previously by Granty amongst others rather points out a flaw in the "accuracy" of that comment by AA, which leads to - AA in possible not making statements that are fully true scoop)

 

I will be sueing for Plagerism, lazy journalism, XTRA XTRA READ ALL ABOUT ! here and exclusive on the hour every hour!.

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yes Andrew,you made the Liebherr deal happen, through a third party!....

 

The Truth

Option One. Mark Fry comes down to breakfast one morning and finds the mysterious Mr Cortese sat in his lounge, with a white cat on his lap and a briefcase full of cash.

 

Option Two. Some random bloke hears Cortese loudly announcing his friend's business intentions in a pub.

He then tells his mate AA, who then tells Mark Fry that there is a bloke interested.

 

That's a difficult one, what seems more likely?....:?

 

 

 

And for those who are trying to keep up with the rallying bit, AA has indeed converted the North One '£30M asset' into a company owed £3M by CSI.

So instead of selling their image rights to finance pompey, he actually needs to sell pompey to pay off North One.

 

AA has also dumped another company in it by refusing to negotiate on timing equipment.

Boss of NO explained how in future businesses should check this thread before making rash decisions -

"We spent fortunes on due diligence while we were going through the sales process, so did the FIA. The Premier League and the Football League did the same because Portsmouth [Football Club] was involved; every single one of those came up independently clean. We were all taken for a ride, which is very disappointing.

 

Adding, had I looked on Saints Web I would've heard alarm bells within ten minutes as those bed-wetting smug bastards always seem to know best - or maybe they just have a search engine.

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